This module allows you to analyze existing cross correlation between OKCoin Bitcoin USD and LiveCoin Veros USD. You can compare the effects of market volatilities on OKCoin Bitcoin and LiveCoin Veros and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in OKCoin Bitcoin with a short position of LiveCoin Veros. See also your portfolio center. Please also check ongoing floating volatility patterns of OKCoin Bitcoin and LiveCoin Veros.

Comparative Performance

Risk-Adjusted Performance

Over the last 30 days OKCoin Bitcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong basic indicators, OKCoin Bitcoin is not utilizing all of its potentials. The prevalent stock price disturbance, may contribute to short term losses for the investors.

Risk-Adjusted Performance

Over the last 30 days LiveCoin Veros USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite nearly stable fundamental indicators, LiveCoin Veros is not utilizing all of its potentials. The current stock price disturbance, may contribute to mid-run losses for the stockholder.

OKCoin Bitcoin and LiveCoin Veros Volatility Contrast

OKCoin Bitcoin USD vs. LiveCoin Veros USD

OKCoin

Bitcoin on OKCoin in USD

10,327

0.00

0.00%

Market Cap: 29.2 B

LiveCoin

Veros on LiveCoin in USD

0.00

0.00

0.00%

Market Cap: 334

Performance (%)

Timeline

Pair Volatility

If you would invest (100.00) in LiveCoin Veros USD on August 16, 2019 and sell it today you would earn a total of 100.00 from holding LiveCoin Veros USD or generate -100.0% return on investment over 30 days.

Pair Corralation between OKCoin Bitcoin and LiveCoin Veros

Diversification Opportunities for OKCoin Bitcoin and LiveCoin Veros

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding OKCoin Bitcoin USD and LiveCoin Veros USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on LiveCoin Veros USD and OKCoin Bitcoin is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on OKCoin Bitcoin USD are associated (or correlated) with LiveCoin Veros. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of LiveCoin Veros USD has no effect on the direction of OKCoin Bitcoin i.e. OKCoin Bitcoin and LiveCoin Veros go up and down completely randomly.

See also your portfolio center. Please also try My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. macroaxis watchlist is based on self-learning algorithm to remember stocks you like.

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